Brisbane 2032 Olympics set to deliver economic windfall for Queensland

The Brisbane 2032 Olympic games will boost the Queensland economy by around $8.1 billion, says QLD Premier Annastacia Palaszczuk. 

“Queensland’s greatest single economic opportunity comes from hosting the 2032 Olympic and Paralympic games,” Ms Palaszczuk told CEDA’s 2021 QLD State of the State event. 

“Hosting the 2032 Olympic and Paralympic games has never been about just a few weeks of competition, it’s about the next decade of investment and development in preparation of the games and 10 years of celebration afterwards.”  QLD Premier Annastacia Palaszczuk

In July, Brisbane was confirmed as the host of the 2032 Olympic games, following Paris (2024) and Los Angeles (2028).  

Research by KPMG estimates the 2032 Olympics will deliver $8.1 billion in direct economic benefits to the QLD economy and create 91,600 jobs over the next 20 years.  

Increased international tourism and trade from the Olympics are estimated to deliver benefits of around $4.6 billion and $8.5 billion nationally.  

Brisbane’s new infrastructure to host the games 

Ms Palaszczuk said the 2032 games will put Queensland on the map for business investment globally, just as the 2000 Olympic games did for Sydney and NSW.  

“The infrastructure we will build is not for the games but in time for them,” Ms Palaszczuk said. 

“One of the greatest examples of vision, innovation and QLD talents can be seen in our idea to use the Gabba as the home of our games.” 

Work has already started on infrastructure projects around Brisbane in preparation for the games.  

A new raised pedestrian plaza, already under construction, will connect the Gabba stadium with a new train station which forms part of the Cross River Rail project.  

Ms Palaszczuk said the Cross River Rail project, Brisbane’s first underground rail network, will add six new stations and 10km of new rail line which will connect the city’s Olympic venues.  

“It means the Gabba will be a two-minute train ride from a new Albert Street station in the CBD – something only a few Olympic cities can boast,” Ms Palaszczuk said. 

Eight Olympic competition venues within the inner-city area, hosting 14 sports, will all be within walking distance of each other, connected by hundreds of bars, cafes, restaurants and hotels.  

The 300-hectare North Shore Hamilton priority development area, the proposed site for the Brisbane Olympic Village, will be transformed and provide further housing into the future. 

“The Olympics’ story is Queensland’s story: it’s about optimism, hard work and determination,” Ms Palaszczuk said.